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The Efficient and Fair Approval of “Multiple-Cost-Single-Benefit” Projects Under Unilateral Information

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  • Nava Kahana

    ()
    (Department of Economics, Bar Ilan University,IZA, Bonn)

  • Yosef Mealem

    (Netanya Academic College, The School of Banking & Finance Netanya, Israel)

  • Shmuel Nitzan

    ()
    (Department of Economics, Bar Ilan University)

Abstract

This paper focuses on indivisible multiple-cost–single-benefit projects that must be approved by the government. A simple mechanism is proposed that ensures an efficient and fair implementation of such projects. The proposed mechanism is appropriate for a unilateral information structure: the single beneficiary has complete information on the cost and benefit of the project while the government official has no such information and the cost bearers have information only on each other's costs.

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File URL: http://www.biu.ac.il/soc/ec/wp/2009-14.pdf
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Bibliographic Info

Paper provided by Bar-Ilan University, Department of Economics in its series Working Papers with number 2009-14.

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Date of creation: May 2009
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Handle: RePEc:biu:wpaper:2009-14

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Web page: http://www.biu.ac.il/soc/ec
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Keywords: indivisible project; single beneficiary; multiple-cost bearers; unilateral information; efficient and fair implementation;

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  1. Andrew Yates & Daniel English, 2007. "Citizens' demand for permits and Kwerel''s incentive compatible mechanism for pollution control," Economics Bulletin, AccessEcon, vol. 17(4), pages 1-9.
  2. Mutuswami, Suresh & Winter, Eyal, 2004. "Efficient mechanisms for multiple public goods," Journal of Public Economics, Elsevier, vol. 88(3-4), pages 629-644, March.
  3. Palfrey, Thomas R. & Rosenthal, Howard, 1984. "Participation and the provision of discrete public goods: a strategic analysis," Journal of Public Economics, Elsevier, vol. 24(2), pages 171-193, July.
  4. Joanne Roberts, 1999. "Implementing the Efficient Allocation of Pollution," Working Papers jorob-99-01, University of Toronto, Department of Economics.
  5. repec:ebl:ecbull:v:17:y:2007:i:4:p:1-9 is not listed on IDEAS
  6. Edward Clarke, 1971. "Multipart pricing of public goods," Public Choice, Springer, vol. 11(1), pages 17-33, September.
  7. Admati, Anat R & Perry, Motty, 1991. "Joint Projects without Commitment," Review of Economic Studies, Wiley Blackwell, vol. 58(2), pages 259-76, April.
  8. JoseHerrero, Maria & Srivastava, Sanjay, 1992. "Implementation via backward induction," Journal of Economic Theory, Elsevier, vol. 56(1), pages 70-88, February.
  9. François Maniquet, 2003. "Implementation of allocation rules under perfect information," Social Choice and Welfare, Springer, vol. 21(2), pages 323-346, October.
  10. Moore, John & Repullo, Rafael, 1988. "Subgame Perfect Implementation," Econometrica, Econometric Society, vol. 56(5), pages 1191-1220, September.
  11. Lewis, Tracy R. & Sappington, David E. M., 1995. "Using markets to allocate pollution permits and other scarce resource rights under limited information," Journal of Public Economics, Elsevier, vol. 57(3), pages 431-455, July.
  12. Bagnoli, Mark & Lipman, Barton L, 1989. "Provision of Public Goods: Fully Implementing the Core through Private Contributions," Review of Economic Studies, Wiley Blackwell, vol. 56(4), pages 583-601, October.
  13. Kwerel, Evan, 1977. "To Tell the Truth: Imperfect Information and Optimal Pollution Control," Review of Economic Studies, Wiley Blackwell, vol. 44(3), pages 595-601, October.
  14. Groves, Theodore, 1973. "Incentives in Teams," Econometrica, Econometric Society, vol. 41(4), pages 617-31, July.
  15. Kahana, Nava & Mealem, Yosef & Nitzan, Shmuel, 2008. "A complete implementation of the efficient allocation of pollution," Economics Letters, Elsevier, vol. 101(2), pages 142-144, November.
  16. Abreu, Dilip & Sen, Arunava, 1990. "Subgame perfect implementation: A necessary and almost sufficient condition," Journal of Economic Theory, Elsevier, vol. 50(2), pages 285-299, April.
  17. Bagnoli, Mark & Lipman, Barton L, 1992. " Private Provision of Public Goods Can Be Efficient," Public Choice, Springer, vol. 74(1), pages 59-78, July.
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